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Starting your business with OPM

Discussion in 'General Business' started by marvellouschange, Jul 20, 2011.

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  1. #1
    OPM simply means other people's moneys.If you want to start a company,it is not compulsory to start with your own cashmoney.You can borrow from your bank if your statement of account speaks well.Show me a millioniare and I will show you a heavy borrower.Larry page and Sergy Brin borrowed $1,000,000 to start theirs.You can do the same.
     
    Last edited: Jul 20, 2011
    marvellouschange, Jul 20, 2011 IP
  2. USA-signups

    USA-signups Greenhorn

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    Very true. When borrowing the start up capital its wise to include operating capital i.e the amount of money it takes to keep the business going. Operating capital includes expenses such as salaries, wages, rent, expenses, supplies, utilities, advertising, depreciation, and interest payments. Small business advisors recommend that start-up expenses include at least six months operating capital.
     
    USA-signups, Jul 21, 2011 IP